Insider Selling: OneMain Holdings, Inc. (NYSE:OMF) CEO Sells 5,000 Shares of Stock

OneMain Holdings, Inc. (NYSE:OMF) CEO Douglas H. Shulman sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $53.00, for a total value of $265,000.00. Following the completion of the sale, the chief executive officer now owns 412,474 shares of the company’s stock, valued at approximately $21,861,122. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OneMain Stock Performance

Shares of OneMain stock traded up $0.12 during trading on Friday, reaching $49.79. The company’s stock had a trading volume of 1,037,090 shares, compared to its average volume of 1,002,717. OneMain Holdings, Inc. has a one year low of $36.52 and a one year high of $54.94. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 0.98 and a beta of 1.56. The business’s fifty day moving average price is $47.13 and its 200-day moving average price is $48.33.

OneMain (NYSE:OMF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a net margin of 11.27% and a return on equity of 19.31%. During the same period in the prior year, the company earned $1.01 EPS. Sell-side analysts anticipate that OneMain Holdings, Inc. will post 4.91 EPS for the current year.

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Tuesday, November 12th will be given a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend is Tuesday, November 12th. OneMain’s dividend payout ratio (DPR) is presently 91.03%.

Institutional Trading of OneMain

A number of institutional investors and hedge funds have recently modified their holdings of OMF. Vanguard Group Inc. grew its stake in shares of OneMain by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 12,317,755 shares of the financial services provider’s stock valued at $629,314,000 after purchasing an additional 373,900 shares during the period. Capital International Investors boosted its position in OneMain by 10.2% in the 1st quarter. Capital International Investors now owns 9,570,103 shares of the financial services provider’s stock valued at $488,937,000 after buying an additional 889,387 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in OneMain by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,288,643 shares of the financial services provider’s stock valued at $159,465,000 after buying an additional 270,207 shares during the last quarter. Clearbridge Investments LLC boosted its position in OneMain by 1.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,914,355 shares of the financial services provider’s stock valued at $92,827,000 after buying an additional 24,338 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in OneMain by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,169,590 shares of the financial services provider’s stock valued at $56,713,000 after buying an additional 12,938 shares during the last quarter. 85.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on OMF. JPMorgan Chase & Co. cut their price target on shares of OneMain from $56.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, October 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $58.00 price target on shares of OneMain in a report on Wednesday, October 16th. Compass Point boosted their price objective on shares of OneMain from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. JMP Securities upped their target price on OneMain from $60.00 to $62.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, Northland Securities increased their price target on shares of OneMain from $53.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, OneMain presently has a consensus rating of “Moderate Buy” and an average target price of $55.08.

About OneMain

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.